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Peer-to-Peer Networks
A widely repeated story concerns a man (let's call him Henry) who, on the recommendation of a friend, decided to list on an obscure apartment-sharing website called “Airbed and Breakfast” a very elaborate treehouse he originally built for his then off-to-college son. Today, Henry's treehouse is one of the more popular destinations on a marketplace that boasts over 250,000 properties in 192 countries (there is often a seven-week waiting list for the treehouse). In fact, Henry has since paid off the mortgage on his real house through the proceeds garnered through the Airbed and Breakfast site at www.Airbnb.com.
Airbnb is today a $10B company riding the wave of collaborative consumption, a closet industry that is the modern manifestation of traditional barter marketplaces. By tapping into the inherent efficiency of today's increasingly connected world, peer-to-peer collaborative consumption threatens to shake the pillars of traditional and institutional marketplaces and exchanges such as financial markets (peer-to-peer lending), automotive dealers (peer-to-peer car-sharing), and transportation (peer-to-peer ride-sharing such as lyft.com or uber.com).
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
'Insurable Interest' and the Scope of First-Party Coverage
This article reviews the fundamental underpinnings of the concept of insurable interest, and certain recent cases that have grappled with the scope of insurable interest and have articulated a more meaningful application of the concept to claims under first-party property policies.